Glorious Property Holdings (STU:GI0A) Inventory Turnover : 0.09 (As of Jun. 2024)

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What is Glorious Property Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Glorious Property Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €197.9 Mil. Glorious Property Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was €2,155.7 Mil. Glorious Property Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glorious Property Holdings's Days Inventory for the six months ended in Jun. 2024 was 1,987.42.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Glorious Property Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 7.23.

Glorious Property Holdings Inventory Turnover Historical Data

The historical data trend for Glorious Property Holdings's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Glorious Property Holdings Inventory Turnover Chart

Glorious Property Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.25

0.08

0.23

0.12

0.10

Glorious Property Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.01	0.11	0.02	0.10	0.09

Glorious Property Holdings Inventory Turnover Calculation

Glorious Property Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	231.979	/ (	(2516.877	+	2229.23)	/	2 )
=	231.979	/	2373.0535
=	0.10

Glorious Property Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	197.948	/ (	(2229.23	+	2082.075)	/	2 )
=	197.948	/	2155.6525
=	0.09

Glorious Property Holdings (STU:GI0A) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Glorious Property Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2155.6525	/	197.948	*	365 / 2
	=	1,987.42

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Glorious Property Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2155.6525	/	297.967
	=	7.23

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Glorious Property Holdings Inventory Turnover Related Terms

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Glorious Property Holdings Business Description

Industry

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00845:Hong Kong

Address

50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chai Wan, Hong Kong, HKG

Website

http://www.gloriousphl.com.cn

Glorious Property Holdings Ltd is a national property developer in China. It focuses on the development and sales of large-scale properties in key economic areas such as the Shanghai region, Yangtze River Delta, Pan Bohai Rim, and Northeast China. The firm develops residential and commercial properties and is also involved in property management. Its reportable operating segments, namely Shanghai Region, Yangtze River Delta (excluding Shanghai), Pan Bohai Rim, and Northeast China. The Others segment represents corporate support functions. The company generates maximum revenue from the Shanghai region.

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